Prices of old detached houses grew by 1.5 per cent year-on-year
in January to March

In the first quarter of 2016, prices for old
single-family houses grew by an average of 1.5 per cent from the
previous year in the whole country. In Greater Helsinki, prices
went down by 0.2 per cent from the corresponding period of the
previous year, while in the rest of the country they increased by
1.7 per cent. Compared with the previous quarter, prices of old
dwellings in detached houses increased by an average of 1.1 per
cent in the whole country. These data derive from Statistics
Finland’s Index of real estate prices, which is compiled by
utilising data from the real estate transaction register of the
National Land Survey of Finland.

Development of prices in old detached houses,
index 2005=100

In the whole country, the average price per square metre of old
single-family houses was EUR 1,558 in the first quarter of 2016. In
Greater Helsinki, the average price per square metre of
single-family houses was EUR 2,964. In the rest of the country, the
average price per square metre was EUR 1,480.

In the first quarter of 2016, prices of detached house plots
increased by 1.1 per cent in the whole country from the year
before. From the previous quarter, prices of plots decreased by 6.2
per cent. The average price per square metre for a single-family
house plot was EUR 33.2 in the whole country and the average plot
size was 1,810 square metres.

In the first quarter of 2016, prices for new single-family
houses rose by 1.3 per cent from the previous year in the whole
country. Compared with the previous quarter, prices rose by 0.3 per
cent. The data for new detached houses are based on the building
price index and price data describing professional and own-account
construction.